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CBS has made an investment in TV streaming firm Syncbak, according to The Wall Street Journal. The network, the Journal speculates, could use Syncbak technology to power a TV Everywhere service, following in the footsteps of Time Warner and Univision. It could also work as a direct, "over the top" service like Aereo, Hulu and Netflix.
Syncbak—which allows local TV stations to stream live programming over the Internet—is backed by the National Association of Broadcasters, the Consumer Electronics Association and three former NBC execs.
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